The Enforcement Directorate (ED) has seized several documents from secret lockers in office premises, along with luxury cars and fixed deposits and bank guarantees worth Rs 31.22 crore, in connection with an alleged real estate fraud exceeding Rs 500 crore.
Bank accounts and lockers belonging to the promoters were frozen, and four luxury cars — including Mercedes, Porsche, and BMW models — were seized from a director’s residence. The actions followed search operations conducted under the Prevention of Money Laundering Act (PMLA), 2002, at multiple locations across Delhi and the National Capital Region (NCR).
The ED recovered and seized documents related to fund diversion, layering of funds, property ownership, and asset details, including sale deeds, registration deeds, and digital devices such as laptops and hard drives.
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